Golden OTC Stock Performance

GGTHF
 Stock
  

USD 0.0194  0.0001  0.51%   

Golden Goliath holds a performance score of 4 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -1.72, which attests to a somewhat significant risk relative to the market. Let's try to break down what Golden's beta means in this case. As returns on the market increase, returns on owning Golden Goliath are expected to decrease by larger amounts. On the other hand, during market turmoil, Golden Goliath is expected to outperform it. Although it is essential to pay attention to Golden Goliath Res current price history, it is also good to be reasonable about what you can do with equity current price movements. Our philosophy towards determining future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Golden Goliath Res expected return of 1.59 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable. Use Golden Goliath Res information ratio, as well as the relationship between the value at risk and expected short fall to analyze future returns on Golden Goliath Res.
  
Golden Performance
4 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Golden Goliath Res are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of rather weak technical indicators, Golden Goliath exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more

Golden Price Channel

Quick Ratio6.17
Fifty Two Week Low0.0111
Fifty Two Week High0.0597

Golden Goliath Relative Risk vs. Return Landscape

If you would invest  3.99  in Golden Goliath Res on May 14, 2022 and sell it today you would lose (2.05)  from holding Golden Goliath Res or give up 51.38% of portfolio value over 90 days. Golden Goliath Res is currently producing 1.5861% returns and takes up 25.2164% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Golden, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon Golden Goliath is expected to generate 19.82 times more return on investment than the market. However, the company is 19.82 times more volatile than its market benchmark. It trades about 0.06 of its potential returns per unit of risk. The DOW is currently generating roughly 0.05 per unit of risk.

Golden Goliath Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Goliath's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Golden Goliath Res, and traders can use it to determine the average amount a Golden Goliath's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0629

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Estimated Market Risk
 25.22
  actual daily
 
 96 %
of total potential
 
9696
Expected Return
 1.59
  actual daily
 
 30 %
of total potential
 
3030
Risk-Adjusted Return
 0.06
  actual daily
 
 4 %
of total potential
 
44
Based on monthly moving average Golden Goliath is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Golden Goliath by adding it to a well-diversified portfolio.

About Golden Goliath Performance

To evaluate Golden Goliath Res OTC Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Golden Goliath generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Golden OTC Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Golden Goliath Res stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Golden's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Average Assets(0.13) (0.14) 
Return on Average Equity(0.16) (0.17) 
Return on Invested Capital(0.16) (0.17) 
Golden Goliath Resources Ltd. engages in the acquisition and exploration of resource properties. Golden Goliath Resources Ltd. was incorporated in 1996 and is based in Vancouver, Canada. Golden Goliath operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.

Things to note about Golden Goliath Res

Checking the ongoing alerts about Golden Goliath for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Golden Goliath Res help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Golden Goliath Alerts

Equity Alerts and Improvement Suggestions

Golden Goliath Res is way too risky over 90 days horizon
Golden Goliath Res has some characteristics of a very speculative penny stock
Golden Goliath Res appears to be risky and price may revert if volatility continues
Golden Goliath Res has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (726.73 K).
Golden Goliath Res has accumulated about 1.13 M in cash with (305.58 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Golden Goliath Res has a frail financial position based on the latest SEC disclosures
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Please check Risk vs Return Analysis. Note that the Golden Goliath Res information on this page should be used as a complementary analysis to other Golden Goliath's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Golden Goliath Res price analysis, check to measure Golden Goliath's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Golden Goliath is operating at the current time. Most of Golden Goliath's value examination focuses on studying past and present price action to predict the probability of Golden Goliath's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Golden Goliath's price. Additionally, you may evaluate how the addition of Golden Goliath to your portfolios can decrease your overall portfolio volatility.
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Is Golden Goliath's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Goliath. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Goliath listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
2.8 M
Return On Assets
-0.089
Return On Equity
-0.16
The market value of Golden Goliath Res is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Goliath's value that differs from its market value or its book value, called intrinsic value, which is Golden Goliath's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Goliath's market value can be influenced by many factors that don't directly affect Golden Goliath's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Golden Goliath's value and its price as these two are different measures arrived at by different means. Investors typically determine Golden Goliath value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Goliath's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.